there is a financial motive to run a free node, it isn't true altruism.

Think about why Starbucks pays to supply their customers with free wifi, and why people still pay for mobile data plans in spite of the relatively widespread access to free wifi, and it will make sense how free and paid Bitcoin nodes could co-exist.

there is a financial motive to run a free node, it isn't true altruism.

Think about why Starbucks pays to supply their customers with free wifi, and why people still pay for mobile data plans in spite of the relatively widespread access to free wifi, and it will make sense how free and paid Bitcoin nodes could co-exist.

And keep in mind gold has done great over 20 years, when there was no Bitcoin

Gold will exist in 20 years, BTC not sure

Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD

90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount

Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour

And keep in mind gold has done great over 20 years, when there was no Bitcoin

Gold will exist in 20 years, BTC not sure

Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD

90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount

Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour

BTC and Gold both deserve to exist but not fiat money

Well then shouldn't we do away with gold entirely since it is so easily gamed?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

I am afraid gold and Bitcoin are on the same side of barricade. The wrong one. The one against dollar. Dollar is painted as the king, thus gold must be smashed, this time on the job report. and no matter the results from the previous month were corrected - lowered by 30 thousands. Show must go on, let's kick the can further.As soon as Bitcoin emerges as a real alternative to the dollar (which is very far from, atm), expect the same. Rinse and repeat.

Gold existed since the dawn of the man. I wouldn't worry of its cost in 20, 50 or even 500 years. Bitcoin from the other hand is around only for couple a years, and if something goes really wrong can disappear even faster.

"The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996"Fungibility provides privacy as a side effect." Adam Back 2014

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.

I do have a nice stash of PMs as part of my portfolio already, and I am adding on the dips. Mainly silver though. Don't think $30k per oz of gold is realistic, either.Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.

I do have a nice stash of PMs as part of my portfolio already, and I am adding on the dips. Mainly silver though. Don't think $30k per oz of gold is realistic, either.Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.

Shucks. I was sure you were going to go for it.

Actually Bill Bonner agrees with you. He also threw in a plug for Bitcoin. I'm sure that has to do with that sub writer of his that writes for the Daily Reckoning.

I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan. We'll see :